Gold is rejecting of support
|Gold has bounced off the support 1805 but before it did it, it had also rejected the resistance as I covered in my previous analysis.
Today the uptrend in GOLD is expected. We should see a rejection of either 1810 zone on a retest of POC 1795. Whatever the case is, buying the dips is a good possibility. The first target is the previous resistance zone 1845. If we see a breakout watch for 1852 and 1870. As long as 1795 holds, bulls will have the opportunities for long trades.
The analysis has been done with the CAMMACD.Core System.
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